Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class Z N I Z NAV | as of 03/28/2024 $18.24 +$0.04 (+0.22%) Morningstar | Style Box V B G L M S Morningstar Rating Rated against 523 Mid-Cap Growth funds as of 02/29/2024 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 03/04/2005 to 02/29/2024 = $72,781.09 From: To: 3YR 5YR 10YR INCEP. INCEP. 3YR 5YR 10YR INCEP. SEE ALL PERFORMANCE The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Read Important Investment Disclosures Objective Seeks to provide long-term capital appreciation by investing primarily in mid cap companies. Why Consider May be appropriate for investors looking to gain exposure to mid cap companies TimesSquare leverages its wealth of experience investing in growing companies climbing the capitalization ladder, relying on bottom-up research to identify growth businesses with exceptional management, distinct, sustainable competitive advantages and consistent growth Documents Fact Sheet Commentary Summary Prospectus Prospectus SAI 2023 Distributions View All Documents Investment Style TimesSquare Mid Cap Growth Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective TimesSquare Mid Cap Growth Fund is categorized as Mid-Growth. It invests in medium-cap companies with high risk. Morningstar Ratings Risk-adjusted returns as of 02/29/2024 Overall Rating (of 523) 3 Years (of 523) 5 Years (of 493) 10 Years (of 395) Category Mid-Cap Growth Read Important Investment Disclosures Sonu Chawla DIRECTOR, PORTFOLIO MANAGER/ANALYST, AND PARTNER Ms. Chawla has served as co-manager of the Fund since May 2022. She is a Director, Portfolio Manager/Analyst, and Partner in TimesSquare’s growth equity group and has 22 years of experience. She is responsible for research coverage of the Software, Technology Services, and Internet & Communications sectors within the technology, media, and telecommunications (“TMT”) industry. Ms. Chawla joined TimesSquare in August 2018 from Pine River Capital Management, a multi-strategy hedge fund where she was a Senior Analyst covering TMT sectors across Software, Internet, Services, Hardware, and Telecom. Her previous research analyst experiences were as a Senior TMT Analyst at Surveyor Capital platform of Citadel and an Analyst at Fred Alger Management. Ms. Chawla has an MS in mathematics and computer science from Indian Institute of Technology, Delhi, and an MBA from Kellogg School of Management at Northwestern University. She is a member of the CFA Institute and the CFA Society New York. Ms. Chawla is conversational in Hindi. Grant R. Babyak SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND PORTFOLIO MANAGER Grant Babyak is a Senior Founding Partner, Managing Director, and Portfolio Manager in TimesSquare’s growth equity group. Prior to joining TimesSquare in 2000, Mr. Babyak managed small cap and mid cap portfolios at Fiduciary Trust Company International. He previously worked for six years at Avatar Associates as an institutional portfolio manager and for two years at U.S. Trust Company of New York as an analyst covering the consumer and basic industrial sectors. He has a BA in political science from Yale University and an MBA in finance from the Leonard N. Stern School of Business at New York University. Performance Performance Read Important Investment Disclosures Returns Trailing Returns Trailing Returns Monthly Quarterly Calendar Year Returns The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods shorter than one year are not annualized. Expense Ratios Gross Expense Ratio: 0.98% Net Expense Ratio: 0.98% Expense Cap Expiration Date: N/A Distributions & Pricing Distributions Distributions Chart List Historical Pricing Calendar Year Distributions Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Dec 14, 2023 $0.660500 — — $0.660500 Dec 15, 2022 $0.509600 — — $0.509600 Dec 15, 2021 $5.465700 $0.036000 $0.522100 $4.907600 Dec 16, 2020 $3.775200 — $0.137400 $3.637800 Dec 16, 2019 $2.855600 — $0.058700 $2.796900 Dec 27, 2018 $2.535500 — $0.290200 $2.245300 Dec 27, 2017 $2.724000 — $0.270500 $2.453500 Dec 27, 2016 $1.038700 $0.008900 — $1.029800 Dec 28, 2015 $1.340100 — — $1.340100 Dec 26, 2014 $0.947300 — $0.063700 $0.883600 Dec 26, 2013 $2.065800 — $0.100400 $1.965400 Dec 26, 2012 $0.778300 — — $0.778300 Dec 27, 2011 $0.438100 — — $0.438100 Dec 26, 2008 $0.090260 $0.002300 $0.044530 $0.043430 Dec 26, 2007 $0.833500 $0.037800 $0.431700 $0.364000 Dec 26, 2006 $0.193200 $0.000500 $0.135300 $0.057400 Dec 27, 2005 $0.057000 $0.018000 $0.039000 — From: To: Risk & Return Statistics As of: 02/29/2024 3YR 5YR 10YR Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. 3.40 3.24 1.41 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 18.20 19.38 16.17 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. 0.21 0.61 0.61 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 90.12 90.73 78.97 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 87.71 91.54 94.55 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 0.84 0.88 0.88 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 97.36 96.77 96.47 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 4.58 4.38 3.69 View All Characteristics & Statistics All Characteristics & Statistics TimesSquare Mid Cap Growth Fund (TMDIX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund Russell Midcap® Growth Index Fund Assets (Mil.$) $1,295 Number of Holdings 70 333 Weighted Avg. Market Cap (Mil.$) $29,262 $28,241 Median Market Cap (Mil.$) $17,825 $12,127 Weighted Avg. P/E (1-yr Forward EPS) 25.23 25.43 Weighted Avg. P/E (Trailing EPS) 24.27 27.97 PEG Ratio 1.79 1.65 Weighted Avg. P/B 5.96 8.51 EPS Growth (Trailing 3-yr %) 24.18% 20.39% EPS Growth (Trailing 5-yr %) 18.89% 17.38% Forward EPS Growth (1-yr %) 7.62% 11.90% Forward EPS Growth (Long Term %) 14.76% 15.08% Revenue Growth (Trailing 5-yr %) 16.90% 16.34% Return on Equity 14.28% 19.58% Weighted Avg. Dividend Yield 0.55% 0.69% Debt to Equity 93.82 123.21 Trailing 12-Months Portfolio Turnover 39.30% As of: 12/31/2023 Risk & Return 3 Years 5 Years 10 Years Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. 3.40 3.24 1.41 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 18.20 19.38 16.17 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. 0.21 0.61 0.61 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 90.12 90.73 78.97 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 87.71 91.54 94.55 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 0.84 0.88 0.88 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 97.36 96.77 96.47 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 4.58 4.38 3.69 Information Ratio Information Ratio s a ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio (IR) measures a portfolio manager's ability to generate excess returns relative to a benchmark, but also attempts to identify the consistency of the investor. This ratio will identify if a manager has beaten the benchmark by a lot in a few months or a little every month. The higher the IR, the more consistent a manager is, and consistency is an ideal trait. 0.71 0.52 0.09 Treynor Ratio (%) Treynor Ratio (%) , which was developed by Jack Treynor, measures reward per unit of beta risk. It measures returns earned in excess of that which could have been earned on a less risk investment per each unit of market risk. The Treynor Ratio relates the difference between the portfolio return and the risk-free rate to the portfolio beta for a given time period. 4.58 13.49 11.18 Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. -25.88 -25.88 -25.88 As of: 02/29/2024 Market Cap Fund Russell Midcap® Growth Index Market Cap ($mm) 0 - 1,000 1.08% 0.04% Market Cap ($mm) 1,000 - 1,500 0.00% 0.00% Market Cap ($mm) 1,500 - 2,500 0.00% 0.19% Market Cap ($mm) 2,500 - 5,000 4.01% 1.76% Market Cap ($mm) 5,000 - 10,000 16.95% 11.26% Market Cap ($mm) 10,000 - 25,000 29.20% 34.52% Market Cap ($mm) 25,000 - 50,000 33.63% 45.23% Market Cap ($mm) 50,000 - 100,000 15.14% 7.00% Market Cap ($mm) 100,000 - 200,000 0.00% 0.00% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.00% As of: 12/31/2023 Valuation Characteristics Fund Russell Midcap® Growth Index P/E 0-10 4.06% 2.81% P/E 10-15 3.29% 2.49% P/E 15-20 7.35% 7.33% P/E 20-25 4.58% 8.57% P/E 25-Above 60.66% 63.39% P/E – NA 20.05% 15.41% As of: 12/31/2023 Growth Characteristics Fund Russell Midcap® Growth Index EPS Growth (Trailing 3-yr %) - Negative 7.79% 10.30% EPS Growth (Trailing 3-yr %) 0 - 5 4.96% 4.28% EPS Growth (Trailing 3-yr %) 5 - 10 4.79% 7.31% EPS Growth (Trailing 3-yr %) 10 - 15 7.89% 7.96% EPS Growth (Trailing 3-yr %) 15 - 20 16.68% 11.11% EPS Growth (Trailing 3-yr %) Above 20 33.85% 33.35% EPS Growth (Trailing 3-yr %) - NA 24.05% 25.69% As of: 12/31/2023 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 12/31/2023 Cintas Corp 2.81% O'Reilly Automotive Inc 2.49% Crowdstrike Holdings Inc, Class A 2.39% Gartner Inc 2.38% Cencora Inc 2.35% Waste Connections Inc 2.32% Chemed Corp 2.14% Cheniere Energy Inc 2.14% DexCom Inc 2.11% Veeva Systems Inc, Class A 2.07% % in Top 10 Holdings 23.22% View Holding Details Holding Details TimesSquare Mid Cap Growth Fund (TMDIX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 12/31/2023 Cintas Corp 2.81% O'Reilly Automotive Inc 2.49% Crowdstrike Holdings Inc, Class A 2.39% Gartner Inc 2.38% Cencora Inc 2.35% Waste Connections Inc 2.32% Chemed Corp 2.14% Cheniere Energy Inc 2.14% DexCom Inc 2.11% Veeva Systems Inc, Class A 2.07% % in Top 10 Holdings 23.22% As of: 12/31/2023 Download All Holdings (PDF) As of: 02/29/2024 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund CRWD Crowdstrike Holdings Inc, Class A Information Technology S US USD 120,100 324.15 $38,930,415 2.82% CTAS Cintas Corp Industrials S US USD 58,600 628.61 $36,836,546 2.67% COR Cencora Inc Health Care S US USD 145,600 235.60 $34,303,360 2.48% ORLY O'Reilly Automotive Inc Consumer Discretionary S US USD 30,960 1,087.42 $33,666,523 2.44% VEEV Veeva Systems Inc, Class A Health Care S US USD 140,285 225.51 $31,635,670 2.29% IT Gartner Inc Information Technology S US USD 67,725 465.56 $31,530,051 2.28% WCN Waste Connections Inc Industrials S US USD 177,475 166.44 $29,538,939 2.14% CHE Chemed Corp Health Care S US USD 46,125 626.13 $28,880,246 2.09% VRSK Verisk Analytics Inc, Class A Industrials S US USD 110,893 241.90 $26,825,017 1.94% RNR RenaissanceRe Holdings Ltd Financials S BM USD 118,700 224.82 $26,686,134 1.93% ROST Ross Stores Inc Consumer Discretionary S US USD 178,200 148.96 $26,544,672 1.92% HUBS HubSpot Inc Information Technology S US USD 42,400 618.81 $26,237,544 1.90% APH Amphenol Corp, Class A Information Technology S US USD 237,400 109.24 $25,933,576 1.88% IDXX IDEXX Laboratories Inc Health Care S US USD 44,600 575.23 $25,655,258 1.86% DXCM DexCom Inc Health Care S US USD 214,800 115.07 $24,717,036 1.79% LNG Cheniere Energy Inc Energy S US USD 157,600 155.20 $24,459,520 1.77% TPG TPG Inc, Class A Financials S US USD 550,120 44.35 $24,397,822 1.77% NICE Nice Ltd ADR Information Technology S IL USD 99,320 245.15 $24,348,298 1.76% CYBR CyberArk Software Ltd Information Technology S IL USD 88,295 263.76 $23,288,689 1.69% MPWR Monolithic Power Systems Inc Information Technology S US USD 30,300 720.04 $21,817,212 1.58% TER Teradyne Inc Information Technology S US USD 202,300 103.59 $20,956,257 1.52% LEGN Legend Biotech Corp ADR Health Care S US USD 319,592 65.16 $20,824,615 1.51% ROK Rockwell Automation Inc Industrials S US USD 72,115 285.08 $20,558,544 1.49% ESTC Elastic NV Information Technology S US USD 150,900 133.81 $20,191,929 1.46% EME EMCOR Group Inc Industrials S US USD 64,330 313.52 $20,168,742 1.46% MCHP Microchip Technology Inc Information Technology S US USD 238,800 84.14 $20,092,632 1.45% PINS Pinterest Inc, Class A Communication Services S US USD 542,400 36.70 $19,906,080 1.44% BSY Bentley Systems Inc, Class B Information Technology S US USD 381,500 51.37 $19,597,655 1.42% AME AMETEK Inc Industrials S US USD 108,600 180.18 $19,567,548 1.42% BJ BJ's Wholesale Club Holdings Inc Consumer Staples S US USD 267,700 73.04 $19,552,808 1.42% CSL Carlisle Cos Inc Industrials S US USD 55,300 350.00 $19,355,000 1.40% MLM Martin Marietta Materials Inc Materials S US USD 33,200 577.71 $19,179,972 1.39% CSGP CoStar Group Inc Real Estate S US USD 210,400 87.03 $18,311,112 1.33% EFX Equifax Inc Industrials S US USD 66,889 273.59 $18,300,162 1.32% ICLR ICON PLC Health Care S IE USD 56,600 320.62 $18,147,092 1.31% PANW Palo Alto Networks Inc Information Technology S US USD 54,757 310.55 $17,004,786 1.23% WEX WEX Inc Financials S US USD 77,180 219.73 $16,958,761 1.23% BC Brunswick Corp Consumer Discretionary S US USD 192,700 87.40 $16,841,980 1.22% POOL Pool Corp Consumer Discretionary S US USD 41,775 398.12 $16,631,463 1.20% TYL Tyler Technologies Inc Information Technology S US USD 37,100 437.14 $16,217,894 1.17% STVN Stevanato Group SpA Health Care S IT USD 486,645 33.15 $16,132,282 1.17% ASND Ascendis Pharma A/S ADR Health Care S DK USD 108,983 147.76 $16,103,328 1.17% FND Floor & Decor Holdings Inc, Class A Consumer Discretionary S US USD 132,600 121.12 $16,060,512 1.16% WSO Watsco Inc Industrials S US USD 39,500 394.12 $15,567,740 1.13% HXL Hexcel Corp Industrials S US USD 203,300 74.46 $15,137,718 1.10% SMAR Smartsheet Inc, Class A Information Technology S US USD 343,000 42.21 $14,478,030 1.05% IBKR Interactive Brokers Group Inc, Class A Financials S US USD 133,014 108.72 $14,461,282 1.05% IAC IAC Inc Communication Services S US USD 250,300 56.80 $14,217,040 1.03% HCP HashiCorp Inc, Class A Information Technology S US USD 541,500 26.07 $14,116,905 1.02% GFL GFL Environmental Inc Industrials S CA USD 385,204 36.08 $13,898,160 1.01% SAIA Saia Inc Industrials S US USD 23,820 575.40 $13,706,028 0.99% EHC Encompass Health Corp Health Care S US USD 182,100 74.40 $13,548,240 0.98% GPN Global Payments Inc Financials S US USD 100,900 129.70 $13,086,730 0.95% MRVL Marvell Technology Inc Information Technology S US USD 176,360 71.66 $12,637,958 0.92% PXD Pioneer Natural Resources Co Energy S US USD 52,605 235.19 $12,372,170 0.90% RPM RPM International Inc Materials S US USD 104,600 115.35 $12,065,610 0.87% ARGX Argenx SE ADR Health Care S NL USD 31,250 380.01 $11,875,313 0.86% AZPN Aspen Technology Inc Information Technology S US USD 60,700 193.89 $11,769,123 0.85% TSCO Tractor Supply Co Consumer Discretionary S US USD 45,200 254.32 $11,495,264 0.83% RGEN Repligen Corp Health Care S US USD 58,106 193.99 $11,271,983 0.82% FIVE Five Below Inc Consumer Discretionary S US USD 55,600 200.68 $11,157,808 0.81% SNPS Synopsys Inc Information Technology S US USD 18,835 573.73 $10,806,205 0.78% PCTY Paylocity Holding Corp Industrials S US USD 64,000 168.61 $10,791,040 0.78% BRO Brown & Brown Inc Financials S US USD 127,800 84.21 $10,762,038 0.78% CRL Charles River Laboratories International Inc Health Care S US USD 39,443 254.19 $10,026,016 0.73% CPRT Copart Inc Industrials S US USD 186,900 53.15 $9,933,735 0.72% NDSN Nordson Corp Industrials S US USD 35,100 265.65 $9,324,315 0.68% TTWO Take-Two Interactive Software Inc Communication Services S US USD 60,500 146.93 $8,889,265 0.64% SWAV Shockwave Medical Inc Health Care S US USD 33,200 260.87 $8,660,884 0.63% CUBE CubeSmart Real Estate S US USD 193,045 43.61 $8,418,692 0.61% OLED Universal Display Corp Information Technology S US USD 47,064 174.42 $8,208,903 0.59% IOT Samsara Inc, Class A Information Technology S US USD 171,500 34.55 $5,925,325 0.43% RRX Regal Rexnord Corp Industrials S US USD 26,185 171.49 $4,490,466 0.33% PR Permian Resources Corp, Class A Energy S US USD 124,695 15.56 $1,940,254 0.14% Cash & Equivalents Cash C US USD - - $43,244,382 3.13% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Crowdstrike Holdings Inc, Class A 1 2.20% 52.54% Gartner Inc 2 2.59% 31.29% TPG Inc, Class A 3 1.62% 44.75% DexCom Inc 4 1.89% 33.00% Cintas Corp 5 2.69% 25.51% Palo Alto Networks Inc 6 2.44% 25.78% Pinterest Inc, Class A 7 1.45% 37.03% IDEXX Laboratories Inc 8 1.96% 26.94% Monolithic Power Systems Inc 9 1.37% 36.68% Ross Stores Inc 10 1.87% 22.74% As of: 12/31/2023 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Lattice Semiconductor Corporation 20 0.29% -29.42% Argenx SE ADR 19 1.11% -22.62% Aptiv PLC 18 0.90% -9.00% Legend Biotech Corp ADR 17 1.30% -10.42% Stevanato Group SpA 16 1.21% -8.18% Paylocity Holding Corp 15 0.99% -9.27% BJ's Wholesale Club Holdings Inc 14 1.42% -6.60% Interactive Brokers Group Inc, Class A 13 1.55% -4.14% Veeva Systems Inc, Class A 12 1.57% -5.37% Keysight Technologies Inc 11 0.17% -8.95% As of: 12/31/2023 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Read Important Investment Disclosures Read Important Investment Disclosures Sector Allocation (Equity) As of: 12/31/2023 View Allocation Details Allocation Details TimesSquare Mid Cap Growth Fund (TMDIX) Sector Allocation (Equity) Investment Allocation Top 10 Industries Sector Sort Order Fund Russell Midcap® Growth Index Information Technology 29.03% 23.65% Industrials 20.27% 19.58% Health Care 18.88% 18.67% Consumer Discretionary 10.77% 13.35% Financials 7.26% 10.48% Communication Services 3.40% 4.24% Energy 3.22% 3.84% Materials 2.32% 1.30% Cash & Other 1.92% 0.00% Consumer Staples 1.50% 2.78% Real Estate 1.43% 1.72% Utilities 0.00% 0.38% As of: 12/31/2023 Investment Allocation 12/31/2023 Stocks 98.08% Bonds 0.00% Cash and Other 1.92% As of: 12/31/2023 Industry Fund Russell Midcap® Growth Index Software 18.29% 12.77% Specialty Retail 7.29% 4.61% Commercial Services & Supplies 7.03% 3.59% Semiconductors & Semiconductor Equipment 6.54% 3.59% Health Care Providers & Services 5.97% 2.34% Health Care Equipment & Supplies 4.04% 5.95% Professional Services 3.78% 4.96% Biotechnology 3.51% 3.14% Capital Markets 3.38% 4.95% Life Sciences Tools & Services 3.29% 6.15% % in Top 10 Industries 63.12% 52.05% As of: 12/31/2023 Read Important Investment Disclosures About the Affiliate About TimesSquare Capital Management TimesSquare is a growth equity specialist. They are a trusted partner to institutional investors globally, providing mutual fund and separate account management. Reliance on in-depth, research-driven strategies has historically produced strong results across products and market cycles. Learn More About TimesSquare Capital Management's Approach FOUNDED 2000 AMG AFFILIATE SINCE 2004 HEADQUARTERS New York, NY Portfolio Managers Sonu Chawla DIRECTOR, PORTFOLIO MANAGER/ANALYST, AND PARTNER Read full bio Grant R. Babyak SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND PORTFOLIO MANAGER Read full bio Investment Approach Investment Approach TimesSquare Mid Cap Growth Fund The Fund seeks to outperform the Russell Midcap® Growth Index in a risk-controlled manner. The TimesSquare portfolio management team uses a bottom-up, fundamental research-intensive approach to identify mid cap growth stocks that it believes have the greatest potential to achieve significant price appreciation over a 12- to 18-month horizon. The Fund typically invests in companies within the market cap range of the Russell Midcap® Index at time of purchase. Related products Other Products From TimesSquare Capital Management TQENX TimesSquare Emerging Markets Small Cap Fund View Fund Details TSYNX TimesSquare Global Small Cap Fund View Fund Details TCMPX TimesSquare International Small Cap Fund View Fund Details TSCPX TimesSquare Small Cap Growth Fund View Fund Details Stay up-to-date Sign up to receive our latest views and thinking, in addition to other news and product-related information. CHOOSE SUBSCRIPTIONS